Endeavour Silver Corp. (NYSE:EXK) Receives $6.63 Average Target Price from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.63.

A number of research analysts have recently weighed in on EXK shares. HC Wainwright raised their target price on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, March 12th. Raymond James started coverage on Endeavour Silver in a report on Friday. They issued an “outperform” rating on the stock. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Friday, February 28th.

Endeavour Silver Trading Down 4.0 %

Shares of Endeavour Silver stock opened at $4.65 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver has a 52 week low of $2.09 and a 52 week high of $5.67. The stock has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $4.09. The stock has a market capitalization of $1.22 billion, a PE ratio of -35.73 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. As a group, equities analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Hedge funds have recently bought and sold shares of the business. Quest Partners LLC bought a new stake in shares of Endeavour Silver in the third quarter valued at $964,000. Quantbot Technologies LP bought a new stake in shares of Endeavour Silver in the third quarter valued at $100,000. Walleye Capital LLC bought a new stake in shares of Endeavour Silver in the third quarter valued at $111,000. National Bank of Canada FI raised its stake in shares of Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after buying an additional 15,075 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Endeavour Silver in the third quarter valued at $261,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.